Crypto Capital President Ivan Manuel Molina Lee was arrested by Polish authorities on charges of participating indrug ring and money laundering operations through Bitfinex.
Crypto Capital – this is the same company to which Bitfinex allegedly entrusted $850 million and then could not return it. To cover the loss, the exchange held a $1 billion token sale in May.
It was previously reported that the Polish MinistryJustice confiscated bank accounts in the name of Crypto SP. Z O.O. The $350 million worth of seized funds reportedly belonged to Crypto SP. Z O.O. and NESP SP. Z O.O., two companies likely affiliated with Crypto Capital. The seizure was carried out as part of an anti-money laundering operation.
According to the State Prosecutor's Office, the money laundering operation was "the largest [capture] operation in the history of the Polish prosecutor's office."
According to Decrypt, several other major cryptocurrency exchanges, including Binance, Kraken, and BitMEX, have also used Crypto Capital banking services.